Cantabil Retail India garners subscription of 0.39 times

The Initial Public Offering (IPO) of Cantabil Retail India has received subscription of 0.39 times at the end of Day 2. The IPO opened for subscription on September 22, 2010 and closes for subscription on September 27, 2010.

The IPO received total bids for 3264150 equity shares against the offer of 8267716 equity shares. The issue received bids for 405000 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the IPO received subscription of 0.35 times with bids for 1449100 equity shares against the offer of 4133858 equity shares.

The Non Institutional Investors portion of the issue received bids for 1321150 equity shares against the offer of 1240157 equity shares resulting in a subscription of 1.07 times.

The Retail Individual Investors (RIIs) portion of the issue received subscription of 0.17 times with bids for 493900 equity shares against the offer of 2893701 equity shares.

Source : Equity Bulls

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